Cognyte Software Ltd. · NASDAQ:CGNT
Cognyte Software — Investor Presentation (December 2024)
30 slides from Cognyte Software's investor presentation, December 2024
Slide 1: Global Leader in Investigative Analytics
GLOBAL LEADER IN INVESTIGATIVE ANALYTICS December 2024 Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 11
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements This presentation contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Cognyte Software Ltd. These forward-looking stateme
Slide 3: Cognyte Is Making the World Safer
COGNYTE IS MAKING THE WORLD SAFER By empowering organizations with our LAW NATIONAL unparalleled investigative analytics ENFORCEMENT INTELLIGENCE technology to identify threats, provide insights, and accelerate investigations and decision making NATIONAL SECURITY ~400 Customers Confidential and prop
Slide 4: Global Investigative Analytics Leader
GLOBAL INVESTIGATIVE 30+ ~400 100+ 13 1,600+ ANALYTICS Years of Customers Countries Global Employees experience offices ~4 years as an LEADER independent publicly traded company EMEA ~55% AMERICAS ~17% APAC ~28% Regional Revenue % For the year ended January 31, 2024 Confidential and proprietary info
Slide 5: A Platform with Growth Opportunities
A PLATFORM WITH GROWTH OPPORTUNITIES: VOLUME USE CASE FUNCTIONALITY Confidential and proprietary information of Cognyte. 5
Slide 6: Uniquely Designed for Our Customers' Data & Mission
Powerful data discovery capabilities UNIQUELY + Our AI-powered algorithms analyze numerous large and complex data sets to connect bits and DESIGNED FOR pieces of information and deliver insights to investigators OUR CUSTOMERS' + Generate previously unknown insights without needing to define the ques
Slide 7: Investigative Analytics Is More Crucial Than Ever
INVESTIGATIVE EXPONENTIAL EVER - ANALYTICS IS MORE DATA GROWTH INCREASING THREATS CRUCIAL THAN EVER IN VOLUMES AND DIVERSITY HIGHER TECHNOLOGY COMPLEXITY DISRUPTION Confidential and proprietary information of Cognyte. 7
Slide 8: Cutting Edge Technology
CUTTING EDGE TECHNOLOGY Strong competitive advantage and robust infrastructure for future innovation STATE OF THE ART ARCHITECTURE Flexible deployment & open interface ~300 Registered patents Cloud & on-prem PLUGGABLE MACHINE LEARNING ~800 R&D experts Enhances value to customers NO CODE DATA FUSION
Slide 9: AI – Accelerate Investigations' Speed, Accuracy and Success Rate
AI – ACCELERATE INVESTIGATIONS’ SPEED, ACCURACY AND SUCCESS RATE Leveraging the synergy of our AI research hub and deep domain expertise UNCOVERING MORE HIDDEN INSIGHTS FASTER AND MORE EFFICIENT EFFECTIVE PREDICTION MORE USE Uncovering connections and relations between entities, events Automated pro
Slide 10: Sanctions & Trade Compliance
Business is conducted in compliance with SANCTIONS & applicable economic and trade sanctions laws TRADE COMPLIANCE and regulations, such as those administered and enforced by: + State of Israel + U.S. Department of Treasury’s Office of Foreign Assets Control + U.S. Department of State + U.S. Departm
Slide 11: Strong Execution
Strong Execution Revenue Non-GAAP Gross Profit Adjusted EBITDA Growth Growing Faster than Revenue $62.4 $8.3 Growing & winning $89.0 $58.8 $60.2 customers $83.7 $84.4 $57.8 $82.7 $6.6 $55.7 $79.4 $5.0 Technology $4.6 $4.3 leadership Leverage in Q3 FYE24 Q4 FYE24 Q1 FYE25 Q2 FYE25 Q3 FYE25 Q3 FYE24 Q
Slide 12: Raising FYE25 Outlook
Raising FYE25 Outlook Revenue* $349.0 $313.5 + Revenue of $349 million with a range of +/- 1% $283.0 − Approximately 11% year-over-year growth at midpoint − Total software revenue ~87% of total revenue FYE23 FYE24 FYE25 Outlook + Adjusted EBITDA of $26 million at the midpoint of the revenue range Ad
Slide 13: Well Positioned for Future Growth
WELL POSITIONED FOR FUTURE GROWTH ADDRESSING LOYAL GLOBAL MANY USE CASES CUSTOMER BASE DIFFERENTIATED TECHNOLOGY DEEP DOMAIN OUR POWERED BY AI EXPERTISE PEOPLE Confidential and proprietary information of Cognyte. 13
Slide 14: Voice of Customers
LAW ENFORCEMENT IN THE US “We saved some lives today!” VOICE OF CUSTOMERS "Cutting edge solutions to meet National NATIONAL SECURITY IN LATIN AMERICA Security challenges within a service- minded approach." "The system allows for a considerable gain of time vs. the time it took to NATIONAL INTELLIGEN
Slide 15: Thank You
THANK YOU Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 15 15
Slide 16: Appendix
APPENDIX Confidential Confidential and and proprietary proprietary information information of of Cognyte. Cognyte. 16 16
Slide 17: Summary metrics
‘Cognste Software Summary Metrics oie wome fem [fame [oom forme Poem om [oom feo | om 2 £ [Protessional services and other revenue 68 ‘368 303 ‘02 TH ‘78 w9 39 348 48 Bo 388 ‘21 srt $07 a7 $028 328 || Feverueretics tab a: Total ravens wn_f vee | we [em | ve | ome | vor [om |[ ome | om |[ ver | we |
Slide 18: Revenue metrics
Cognyte Software Revenue Metrics Nine Year Months Three Months Ended ended Three Months Ended Ended 413012023 ___7/31'2023___1013112023__11312024 3112024 4130/2024 71372024 1013112024_f 10/3112024 ‘Software and software services revenue - GAAP Professional services and other revenue - GAAP Total rev
Slide 19: Gross profit
Cognyte Software Gross Profit ($ in millions) Nine Months Total GAAP gross profit Total GAAP gross margin Revenue adjustments Intangible write-off Amortization of acquired technology Stock-based compensation expenses Acquisition expenses, net Restructuring expenses Separation expenses Total non-GAAP
Slide 20: Operating expenses
Cognyte Software Operating Expenses ($ in millions) Nine Months GAAP research and development, net as a % of GAAP revenue Stock-based compensation expenses Acquisition expenses, net Restructuring expenses Separation expenses Other adjustments Non-GAAP research and development, net as a % of non-GAAP
Slide 21: Operating and adjusted EBITDA margins
Operating and adjusted EBITDA margins 21
Slide 22: Other income, tax and new income
Other income, tax and new income 22
Slide 23: Tax and net income – FYE24 revised
Tax and net income – FYE24 revised (footnote 2) 23
Slide 24: EPS
Consolidated EPS and Diluted Shares Outstanding Thiee Momhs Ended r Thee Months Ended ‘GAAP Giluted netincome (oss) per share atiibulable fo Cognyte sotware Lid s O13) s O13) S O07 S 5 or 003 way S015) [Non-GAAP diluted net income (loss) per share atributable to Cogryte sofware Ltd. 8 (023) 5 (009)
Slide 25: EPS – FYE24 Revised
EPS – FYE24 Revised (footnote 2) 25
Slide 26: Footnotes
(1) (2) The actual cash tax paid, net of refunds, was $1.5 million and $5.5 million for the three and nine months ended October 31, 2024, respectively and $1.3 million and $4.4 million for the three and nine months ended October 31, 2023, respectively. The non-GAAP income tax adjustments for the qua
Slide 27: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures 27
Slide 28: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures 28
Slide 29: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures 29
Slide 30: Supplemental information and non-GAAP measures
Supplemental information and non-GAAP measures 30
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